'Angels' ready to invest, but few ideas make the cut

12:30 AM,
Feb. 8, 2013

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Scott Peters and business partner Nathan Podkaminer started Construction Robotics in 2007 with the goal of creating and selling a robot that can lay bricks.

Over the years, their idea has attracted funding from friends, relatives and other individual investors. They sought out the advice of some of the most experienced business people in the Rochester area, fared well in business plan competitions and won state and federal grants to move their project forward.

Now on the verge of a critical milestone, Peters and Podkaminer will seek additional funding in the next few months from the two ...